I studied a weekly graph of an IPO stock PLNT to find out a good time for long-term buying after its IPO period. The tool used in this studied was a custom indicator "Graph Reader Pro 2.0 for TradingView (GRP2)". In some IPO stock cases such as Facebook, the stock price decline for a long time after IPO. It usually take them 1-3 years after IPO to rally a lot. In...
Just before the market close in the second trading day in the Stock Exchange of Thailand 20181018, the 15 minute graph of an IPO stock SET:OSP showed a bullish pattern of a pin bar and its engulfing neighbor that triggered a possible new uptrend. The pin bar had the body portion less than 25% and the next bar was a full and long up bar. Both bars can be easily...
The Thai SET index has been respecting the opened gaps very well in its daily graph. As of 20181009, there are 3 opened gaps at 1680.54, 1629.18, and 1741.96. The one at 1680.54 is about to be closed. Forex Insight Pro 8.0 can help you find gaps in any graph quickly. Search for it in TradingView.com
In this educational idea, I bring up a case study of a Thai stock SET:DOD in its first trading day 20180620 with a graph of 15-minute time frame. With the custom indicator "Forex Insight Pro 7.0", many tool options such as local max/min, sma2 and sma3 crossing, sma ribbon, cc59 counting, gap finding, rsi warning provided useful information that could help in...
In gap theory, presence of gaps in a daily stock graph are like the signs "I'll be back here later." You can locate the gaps manually, jot down the price bar's high/low around those gaps and then check out whether they are closed yet. With Forex Insight Pro 7.0 custom indicator for TradingView and just one click on the "Mark Gaps" input option, all gaps in the...
The day 20180921 started at 4 AM Bangkok time (UTC+7), the opening bar of EURUSD M15 closed at 1.17764. With Forex Insight Pro 5.0, the previous day's high was drawn as a green horizontal line. During Asian session (first blue background), the price ranged between the first bar close and the green previous day's high with the SMA5 (red) and SMA13 (green) lines...
DrGraph points out more on the use of Local Maximum / Local Minimum and C75 / C25 tools in Forex Insight Pro 3 to tell the time of price recovery from all-time-high correction in a SET:IVL monthly graph.
In this clip, DrGraph shows you how to use Forex Insight Pro 3 for TradingView with a monthly graph of a Thai stock SET:IVL to see stories you need to know from its IPO about 7 years ago up until now. The tools tells the time investors should have sold this stock when It reached the all-time-high and should have bought it again two years ago before it recover to...
DrGraph takes a EURUSD M30 price chart to explain how the Market Makers make big profit in the market EVERYDAY. During a ranging market of many hours long, inexperienced traders will get tired and give up monitoring the price movements. They often decide to end their sufferings by entering a position and put a tight stop loss just below or above the price bars....
In this video, DrGraph shared his study of trading EURUSD in 30 minute time frame with color coded Bollinger Bands for a 50 pips profit target. He used Forex Insight Pro 3.0 and set the Bollinger Band period to 50 and Standard Deviation to 2.0 and set the color of the middle band line so that it is blue when the middle BB value is increasing and pink when the...
This clip shows how to find support and resistance levels in trading EURUSD in a 15 minute time frame graph.
In this clip, I studied very early trading hours of a newly IPO stock SET:TPLAS and looked for investment opportunities for small profits.
This clip shares how to use yesterdays high level as a key resistance in M15 time frame of EURUSD graph. Double Tops or M pattern often form at yesterdays's high level.
In this clip, I shared the idea of how to use SMA2 and SMA3 crossing in scalping EURUSD in a short term reversal of 15 minute time frame. Local maximum and local minimum points were used to draw supply lines that could be used as resistance lines for taking profits.
This video show how to look for the trend from a big picture chart in EURUSD H4. Then go into more details to the use of middle Bollinger(20,2) band to determine the smaller trend. A resistance level generated by CC-5 counting has been shown as a resistance level for the price to bounce downward.
This video shows how to spot an onset of a new uptrend during early months of IPO stock when the popular RSI and MACD tools give no data at all.
Confluence of things occurred to hint us for the onset of recent (August 2018) rally of SET:BEAUTY. In its daily graph, BEAUTY was obviously in a downtrend with CC5 (the Close of current bar compared with the Close of 4 bar before the current bar) consecutively counted to 20. At this point the RSI(14) had been down below 30%. However, the Bollinger band (20,2) was...
Stock graph of IPO stocks in early days will not have enough data for popular indicators. In these cases, using local maximum and local minimum can help spotting possible breakouts of the prices. The local maximum and local minimum needs only 3 price bars. The local maximum is recorded when the middle high is greater than the left high and the right high....